ALL CAPITAL REALTY, LLC
22 South St, Westborough, MA 01581
508-366-4888 | allcapitalrealty@gmail.com



Posted by All Capital Realty Team on 7/21/2018

There are a number of programs, government-sponsored and otherwise, that are designed to help aspiring homeowners find and get approved for a mortgage that works for them.

Among these are first-time homeowner loans insured by the Housing and Urban Development Department, mortgages and loans insured by the USDA designed to help people living in urban and rural areas, and VA loans, sponsored by the U.S. Department of Veterans Affairs.


In today’s post, I’m going to give you a basic rundown of VA loans, who is eligible for them, and how to apply for one. That way you’ll feel confident knowing you’re getting the best possible deal on your home mortgage.


What is a VA Loan?

VA loans can provide soon-to-be homeowners who have served their country with low-interest rates and no private mortgage insurance (PMI).

If you’re hoping to buy a home soon and don’t have at least a 20% down payment, you typically have to take out private mortgage insurance. This means paying an extra insurance bill on top of your monthly mortgage payments. The downside of PMI is that it never turns into equity that you can then use when you decide to move again or sell your home.

Loans that are guaranteed by the VA don’t require PMI because the bank knows your loan is a safer investment than if it wasn’t guaranteed

VA loans may also help you secure a lower interest rate, or give you some negotiating power when it comes to discussing your interest rate.

Finally, VA loans set limits on the number of closing costs you can pay in your mortgage. And, if you’ve ever bought a home before, you’ll know how quickly closing costs can add up.

Who is eligible?

There are some common misconceptions about who can apply for a VA loan? So, we’ll cover all the bases of eligibility.

If you meet one of the following criteria, you may be eligible for a VA loan:


  • You’ve served 90 consecutive days during wartime

  • You’ve served 181 days during peacetime

  • You’ve served six or more years in the Reserves or National Guard

  • Your spouse died due to their work in the military

There are some restrictions to these eligibilities. For example, your chosen lender may still have credit score minimums.

Applying for a VA Loan

There are two main steps for applying for a VA Loan. First, you’ll have to ensure your eligibility. You can do this by checking the VA’s official website. Be sure to call them with any questions you may have.

Next, you’ll need a certificate of eligibility. The easiest way to acquire one is through your chosen lender.  If you haven’t chosen a lender, you can also apply online through the eBenefits portal, or by mailing in a paper application.

Once you have a certificate, you can apply for your mortgage and you’ll be on your way to buying a home.





Posted by All Capital Realty Team on 7/20/2018


95 WASHBURN STREET, Northborough, MA 01532

Single-Family

$275,400
Price

5
Rooms
3
Beds
1
Baths
**Price Reduced** THIS SINGLE FAMILY OFFERS 3 BEDROOMS & 1 BATH & 864 SQUARE FEET OF LIVING SPACE, SITUATED ON 20011 SQ FT LOT. PLENTY OF LAND A LARGE GARDEN, SPACE FOR KIDS TO PLAY, SUMMER FUN, ANIMALS AND MORE. THIS IS A HUD PROPERTY & SOLD AS- IS. HUD WILL NOT REPLACE OR REPAIR ANY ISSUES! // * * SMOKE CERTIFICATE, FINAL WATER READING ARE BUYERS / BUYERS AGENT RESPONSIBILITY ** // BUYER NEEDS TO PERFORM ALL DUE DILIGENCE AT BUYERS EXPENSE & TO VERIFY ALL LISTING INFORMATION // LISTING AGENCY/AGENT DOESN'T WARRANT LISTING. // IT IS RECOMMENDED THAT THE BUYER OR BUYER'S LAWYER OR AGENT PERFORM DUE DILIGENCE ON BEHALF OF THE BUYER // PROPERTY IS BEING LISTED AS IE INSURED WITH ESCROW HUD CASE # 251-314523 // ELIGIBLE FOR FHA 203K FINANCING AND CASH / PLEASE SEE ATTACHED DISCLOSURES. HUD HOMES SOLD AS-IS BY ELECTRONIC BID ONLY. FROM 07/19/18 BIDS DUE BY 11:59 PM CST DAILY UNTIL SOLD
Open House
No scheduled Open Houses

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Categories: Price Change  


Posted by All Capital Realty Team on 7/14/2018

For those who want to enjoy a quick, seamless homebuying experience, it helps to prepare as much as possible. In fact, those who plan ahead may be better equipped than others to avoid various challenges throughout the homebuying cycle.

From struggling to obtain home financing after a seller accepts your offer to purchase to struggling to find the right home in one of your preferred cities and towns, myriad issues may make it tough for you to achieve your desired results on the homebuying journey. Fortunately, we're here to help you minimize risk as you pursue your dream residence.

Now, let's take a look at three tips to help you avoid a homebuying fiasco.

1. Establish Homebuying Criteria

If you enter the housing market with criteria in hand, you can narrow your house search. As a result, you may be able to accelerate your journey from homebuyer to homeowner.

Think about where you want to live. Then, you can hone your home search and focus exclusively on houses in specific cities and towns.

It also may be beneficial to establish a list of home must-haves and wants. This list can help you determine exactly what you want to find in your dream house so you can map out your home search accordingly.

2. Get Pre-Approved for a Mortgage

There is no need to wait to get a mortgage. Thankfully, lenders are available that can help you get approved for a mortgage before you kick off your home search.

Meet with a variety of banks and credit unions – you'll be glad you did. This will allow you to learn about the ins and outs of different mortgage options.

Furthermore, don't hesitate to ask questions about all of the mortgage options at your disposal. Because if you understand exactly how a mortgage works, you can make an informed mortgage decision.

3. Collaborate with a Real Estate Agent

When it comes to avoiding problems during the homebuying journey, it generally is a good idea to hire a real estate agent. This housing market professional will offer comprehensive support at each stage of the homebuying journey. By doing so, a real estate agent will ensure you can quickly and effortlessly navigate the housing market.

For example, if you want to find a house in a small town, a real estate agent will help you explore residences that match your expectations. He or she will set up home showings and keep you informed about open house events. Plus, if you identify your dream house, a real estate agent will help you submit a competitive offer to purchase.

Let's not forget about the housing market expertise that a real estate agent possesses, either. If you ever have concerns or questions as you pursue your dream house, a real estate agent is happy to address them at any time.

Want to discover your dream residence? Use the aforementioned tips, and you can reduce the risk of encountering problems as you search for your ideal residence.




Categories: Buying a Home   buying tips  


Posted by All Capital Realty Team on 7/13/2018


16 OUTLOOK DRIVE, Haverhill, MA 01830

Single-Family

$189,900
Price

8
Rooms
3
Beds
1/1
Full/Half Baths
THIS HOME OFFERS 3 BEDROOMS AND 1.5 BATH WITH 1815 SQFT. SITUATED ON 0.21 ACRES IN A CONFORMING NEIGHBORHOOD ** SOLD AS-IS ** SELLER WILL NOT REPLACE OR REPAIR ANY ISSUES! ** CASH BUYERS OR REHAB LOAN ONLY ** SMOKE CERTIFICATE & FINAL WATER READING IS BUYERS/BUYER'S AGENT RESPONSIBILITY. BUYER NEEDS TO PERFORM ALL DUE DILIGENCE AT BUYERS EXPENSE & TO VERIFY ALL LISTING. // PLEASE NOTE: AN EFFORT HAS BEEN MADE TO DISCLOSE ALL KNOWN INFORMATION RELATIVE TO TAXES, UTILITIES, AND SPECIAL ASSESSMENTS. IT IS RECOMMENDED THAT THE BUYER, BUYER'S AGENT AND ATTORNEY PERFORM DUE DILIGENCE ON BEHALF OF THE BUYER TO CONFIRM ALL CHARGES FOR TAXES, UTILITIES, AND SPECIAL ASSESSMENTS. BUILT BEFORE 1978, LEAD PAINT MAY BE PRESENT.
Open House
No scheduled Open Houses

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Categories: New Homes  


Posted by All Capital Realty Team on 7/11/2018


27 CATARACT STREET, Worcester, MA 01602

Tatnuck

Single-Family

$324,500
Price

7
Rooms
3
Beds
2
Baths
** OPEN HOUSE ON 07-14-18 ** SATURDAY BETWEEN 2-3PM ** RECENTLY RENOVATED! COME AND RELAX IN A READY TO BE MOVED IN CONTEMPORARY HOME. SPACIOUS FIRST FLOOR INCLUDES LIVING ROOM, DINING ROOM AND KITCHEN WITH CUSTOM CABINETRY, GRANITE COUNTER TOPS AND NEW STAINLESS STEEL APPLIANCES. FIRST FLOOR FAMILY ROOM/OFFICE/ POSSIBLE 4TH BEDROOM. COMPLETELY RENOVATED FULL BATH! SECOND FLOOR INCLUDES SPACIOUS MASTER, 2 ADDITIONAL BEDROOMS AND ANOTHER COMPLETELY RENOVATED FULL BATH. HARDWOOD FLOORING, NEW WINDOWS, DRY LOCK PAINTED BASEMENT AND TILE GALORE! INCLUDES CONVENIENT FIRST FLOOR LAUNDRY, FIREPLACE WITH WOOD STOVE INSERT. COME SEE AND ENJOY THE SERENE SURROUNDINGS FROM THE PERGOLA ON THE BACK PATIO // WEST SIDE QUIET PRIVATE LOT! // OFF OF MOWER ST. WEST TATNUCK ELEMENTARY SCHOOL. SCHEDULE A SHOWING TODAY.
Open House
Saturday
July 14 at 2:00 PM to 3:00 PM
** OPEN HOUSE ON 07-14-18 ** SATURDAY BETWEEN 2-3PM ** RECENTLY RENOVATED! COME AND RELAX IN A READY TO BE MOVED IN CONTEMPORARY HOME. SPACIOUS FIRST FLOOR INCLUDES LIVING ROOM, DINING ROOM AND KITCHEN WITH CUSTOM CABINETRY, GRANITE COUNTER TOPS AND NEW STAINLESS STEEL APPLIANCES. FIRST FLOOR FAMILY ROOM/OFFICE/ POSSIBLE 4TH BEDROOM. COMPLETELY RENOVATED FULL BATH! SECOND FLOOR INCLUDES SPACIOUS MASTER, 2 ADDITIONAL BEDROOMS AND ANOTHER COMPLETELY RENOVATED FULL BATH. HARDWOOD FLOORING, NEW WIND
Cannot make the Open Houses?
Location: 27 CATARACT STREET, Worcester, MA 01602    Get Directions

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Categories: New Homes  




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